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Creative Media & Community Trust Corporation — Major Shareholding Notification 2021
Jun 17, 2021
6737_rns_2021-06-17_68c941c9-29f9-4600-80dd-1a74ab0d119a.pdf
Major Shareholding Notification
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SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
CIM Commercial Trust Corporation
(Name of Issuer)
Common Stock, \$0.001 par value (Title of Class of Securities)
125525584 (CUSIP Number)
Greg Morillo
c/o Lionbridge Capital I LP 600 Madison Avenue, 24th Floor New York, New York 10022 (212) 300-8003 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
With a Copy to:
Robert E. Robotti Robotti & Company, Incorporated One Grand Central Place 60 East 42nd Street, Suite 3100 New York, NY 10165-0057 (212) 986-4800
June 15, 2021 (Date of Event Which Requires Filing This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f), or Rule 13d-1(g), check the following box. [ ]
| 1. | Name of Reporting Persons Lionbridge Capital I, LP* |
|||||
|---|---|---|---|---|---|---|
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | WC | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. | Citizen or Place of Organization Delaware |
|||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 183,339 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 183,339 |
||||
| 11. | 183,339 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | 1.23% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | PN | Type of Reporting Person |
| 1. | Name of Reporting Persons Lionbridge Capital, LP* |
|||||
|---|---|---|---|---|---|---|
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | WC | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. | Citizen or Place of Organization Delaware |
|||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 60,761 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 60,761 |
||||
| 11. | 60,761 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | Less than 1% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | Type of Reporting Person PN |
| 1. | Name of Reporting Persons Lionbridge Capital GP, LLC* |
|||||
|---|---|---|---|---|---|---|
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | AF | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. | Citizen or Place of Organization Delaware |
|||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 183,339 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 183,339 |
||||
| 11. | 183,339 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | 1.23% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | OO | Type of Reporting Person |
| 1. | Name of Reporting Persons Lionbridge GP, LLC* |
|||||
|---|---|---|---|---|---|---|
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | AF | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. Citizen or Place of Organization Delaware |
||||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 60,761 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 60,761 |
||||
| 11. | 60,761 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | Less than 1% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | Type of Reporting Person OO |
| 1. | Name of Reporting Persons | |||||
|---|---|---|---|---|---|---|
| Lionbridge Asset Management, LLC* | ||||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | AF | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. | Citizen or Place of Organization Delaware |
|||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 244,100 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 244,100 |
||||
| 11. | 244,100 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | 1.64% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | OO | Type of Reporting Person |
| 1. | Name of Reporting Persons Greg Morillo* |
||||
|---|---|---|---|---|---|
| 2. | Check the appropriate box if a member of a group (see instructions) (a) [X] (b) [ ] |
||||
| 3. | SEC use only | ||||
| 4. | AF | Source of Funds (see instructions) | |||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
||||
| 6. Citizen or Place of Organization United States |
|||||
| Number of | 7. | Sole Voting Power 0 |
|||
| Shares Beneficially |
8. | Shared Voting Power 244,100 |
|||
| Owned By Each |
9. | Sole Dispositive Power 0 |
|||
| Reporting Person With |
10. | Shared Dispositive Power 244,100 |
|||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person 244,100 |
||||
| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) [ ] |
||||
| 13. | 1.64% | Percent of Class Represented by amount in Row (11) | |||
| 14. | Type of Reporting Person IN, HC |
| 1. | Name of Reporting Persons | ||||
|---|---|---|---|---|---|
| The Ravenswood Investment Company L.P.* | |||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
|||
| 3. | SEC use only | ||||
| 4. | WC | Source of Funds (see instructions) | |||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
||||
| 6. Citizen or Place of Organization Delaware |
|||||
| Number of | 7. | Sole Voting Power 0 |
|||
| Shares Beneficially |
8. | Shared Voting Power 293,415 |
|||
| Owned By Each |
9. | Sole Dispositive Power 0 |
|||
| Reporting Person With |
10. | Shared Dispositive Power 293,415 |
|||
| 11. | 293,415 | Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | |||
| 13. | 1.98% | Percent of Class Represented by amount in Row (11) | |||
| 14. | Type of Reporting Person PN |
| 1. | Name of Reporting Persons | |||||
|---|---|---|---|---|---|---|
| Ravenswood Investments III, L.P.* | ||||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | WC | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. | Citizen or Place of Organization New York |
|||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 174,135 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 174,135 |
||||
| 11. | 174,135 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | 1.17% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | Type of Reporting Person PN |
| 1. | Name of Reporting Persons | |||||
|---|---|---|---|---|---|---|
| Ravenswood Management Company, LLC* | ||||||
| 2. | Check the appropriate box if a member of a group (see instructions) | |||||
| (a) [X] (b) [ ] |
||||||
| 3. | SEC use only | |||||
| 4. | Source of Funds (see instructions) | |||||
| AF | ||||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. | Citizen or Place of Organization | |||||
| New York | ||||||
| 7. | Sole Voting Power | |||||
| Number of | 0 | |||||
| Shares | 8. | Shared Voting Power | ||||
| Beneficially Owned By Each Reporting Person With |
467,550 | |||||
| 9. | Sole Dispositive Power | |||||
| 0 | ||||||
| 10. | Shared Dispositive Power | |||||
| 467,550 | ||||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
| 467,550 | ||||||
| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | |||||
| [ ] | ||||||
| 13. | Percent of Class Represented by amount in Row (11) | |||||
| 3.15% | ||||||
| 14. | Type of Reporting Person | |||||
| HC |
| 1. | Name of Reporting Persons | ||||
|---|---|---|---|---|---|
| Robotti & Company Advisors, LLC* | |||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
|||
| 3. | SEC use only | ||||
| 4. | WC | Source of Funds (see instructions) | |||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
||||
| 6. | Citizen or Place of Organization New York |
||||
| Number of | 7. | Sole Voting Power 0 |
|||
| Shares Beneficially |
8. | Shared Voting Power 467,550 |
|||
| Owned By Each |
9. | Sole Dispositive Power 0 |
|||
| Reporting Person With |
10. | Shared Dispositive Power 467,550 |
|||
| 11. | 467,550 | Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | |||
| 13. | 3.15% | Percent of Class Represented by amount in Row (11) | |||
| 14. | Type of Reporting Person IA, OO |
| 1. | Name of Reporting Persons | ||||
|---|---|---|---|---|---|
| Robotti & Company, Incorporated* | |||||
| 2. | Check the appropriate box if a member of a group (see instructions) | ||||
| (a) [X] (b) [ ] |
|||||
| 3. | SEC use only | ||||
| 4. | Source of Funds (see instructions) | ||||
| AF | |||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
||||
| 6. | Citizen or Place of Organization | ||||
| New York | |||||
| 7. | Sole Voting Power | ||||
| Number of | 0 | ||||
| Shares | 8. | Shared Voting Power | |||
| Beneficially | 467,550 | ||||
| Owned By | 9. | Sole Dispositive Power | |||
| Each | 0 | ||||
| Reporting | 10. | Shared Dispositive Power | |||
| Person With | 467,550 | ||||
| 11. | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 467,550 | |||||
| 12. | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| [ ] | |||||
| 13. | Percent of Class Represented by amount in Row (11) | ||||
| 3.15% | |||||
| 14. | Type of Reporting Person | ||||
| HC, OO |
| 1. | Name of Reporting Persons | ||||
|---|---|---|---|---|---|
| Robert E. Robotti* | |||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
|||
| 3. | SEC use only | ||||
| 4. | AF | Source of Funds (see instructions) | |||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
||||
| 6. Citizen or Place of Organization United States |
|||||
| Number of | 7. | Sole Voting Power 0 |
|||
| Shares Beneficially |
8. | Shared Voting Power 467,550 |
|||
| Owned By Each |
9. | Sole Dispositive Power 0 |
|||
| Reporting Person With |
10. | Shared Dispositive Power 467,550 |
|||
| 11. | 467,550 | Aggregate Amount Beneficially Owned by Each Reporting Person | |||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | |||
| 13. | 3.15% | Percent of Class Represented by amount in Row (11) | |||
| 14. | Type of Reporting Person IN, HC |
| 1. | Name of Reporting Persons | |||||
|---|---|---|---|---|---|---|
| Thomas D. Ferguson* | ||||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | OO | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. Citizen or Place of Organization United States |
||||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 0 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 0 |
||||
| 11. | 0 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | 0% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | IN | Type of Reporting Person |
| 1. | Name of Reporting Persons | |||||
|---|---|---|---|---|---|---|
| Mark C. Gelnaw* | ||||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | OO | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. Citizen or Place of Organization United States |
||||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 0 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 0 |
||||
| 11. | 0 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | 0% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | Type of Reporting Person IN |
| 1. | Name of Reporting Persons | |||||
|---|---|---|---|---|---|---|
| Raymond V. Marino II* | ||||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | OO | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. | United States | Citizen or Place of Organization | ||||
| Number of | 7. | Sole Voting Power 0 |
||||
| Shares Beneficially |
8. | Shared Voting Power 0 |
||||
| Owned By Each |
9. | Sole Dispositive Power 0 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 0 |
||||
| 11. | 0 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | 0% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | IN | Type of Reporting Person |
| 1. | Name of Reporting Persons | |||||
|---|---|---|---|---|---|---|
| John S. Moran* | ||||||
| 2. | (a) [X] | Check the appropriate box if a member of a group (see instructions) (b) [ ] |
||||
| 3. | SEC use only | |||||
| 4. | PF | Source of Funds (see instructions) | ||||
| 5. | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e) ____ |
|||||
| 6. Citizen or Place of Organization United States |
||||||
| Number of | 7. | Sole Voting Power 35,859 |
||||
| Shares Beneficially |
8. | Shared Voting Power 0 |
||||
| Owned By Each |
9. | Sole Dispositive Power 35,859 |
||||
| Reporting Person With |
10. | Shared Dispositive Power 0 |
||||
| 11. | 35,859 | Aggregate Amount Beneficially Owned by Each Reporting Person | ||||
| 12. | [ ] | Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ||||
| 13. | Less than 1% | Percent of Class Represented by amount in Row (11) | ||||
| 14. | Type of Reporting Person IN |
Explanatory Note
This filing is being made to remove each of Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC (collectively, "Winthrop"), as a party to the 13D Group Agreement. Accordingly, Winthrop is no longer a participant in the solicitation by Lionbridge (as defined below) and Robotti (as defined below) to elect five highly-qualified independent directors to the board of CIM Commercial Trust Corporation; and Winthrop is no longer deemed a member of the Lionbridge-Robotti "group" for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, as Winthrop is no longer coordinating its activities with Lionbridge and Robotti with regard to the solicitation. Except as noted herein, the information for Lionbridge Capital I, LP and its affiliates (collectively, "Lionbridge") and The Ravenswood Investment Company L.P. and its affiliates (collectively, "Robotti") is not being updated and remains accurate.
The portions of the amended and restated Schedule 13D, as filed with the Securities and Exchange Commission on May 27, 2021 and as amended to date (the "Amended and Restated 13D"), that are not supplemented or amended below remain unchanged by the filing of this Amendment No. 4 to the Amended and Restated 13D. Capitalized terms used but not otherwise defined herein shall have the meanings assigned to such terms in the Amended and Restated 13D.
Item 2. Identity and Background
Item 2 of the Amended and Restated 13D is hereby amended to eliminate references to Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of the Amended and Restated 13D is hereby amended to eliminate references to Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC.
Item 4. Purpose of Transaction
Item 4 of the Amended and Restated 13D is hereby supplemented as set forth below.
On June 15, 2021, Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC delivered a notice to Lionbridge and Robotti that they were electing to terminate their respective obligations under the Group Agreement and withdraw from the Group effective at 1:00 pm eastern time on June 16, 2021.
Item 5. Interest in Securities of the Issuer.
Item 5 of the Amended and Restated 13D is hereby amended to eliminate references to Winthrop Realty Partners, L.P., Michael L. Ashner, Winthrop Strategic Real Estate Fund, L.P., Winthrop Strategic Real Estate Fund GP LLC, and Winthrop Debt Partners LLC.
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.
Date: June 16, 2021
Lionbridge Capital I LP By: Lionbridge Capital GP, LLC, its General Partner
By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member
Lionbridge Capital LP By: Lionbridge GP, LLC, its General Partner
By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member
Lionbridge Capital GP, LLC
By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member
Lionbridge GP, LLC
By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member
Lionbridge Asset Management, LLC
By: /s/ Greg Morillo Name: Greg Morillo Title: Managing Member
Ravenswood Management Company, LLC
By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: Managing Director
The Ravenswood Investment Company L.P.
By: Ravenswood Management Company, LLC, its General Partner
By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: Managing Director
Ravenswood Investments III, L.P.
By: Ravenswood Management Company, LLC, its General Partner
By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: Managing Director
Robotti & Company Advisors, LLC
By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: President and Treasurer
Robotti & Company, Incorporated
By: /s/ Robert E. Robotti Name: Robert E. Robotti Title: President and Treasurer
Individuals:
/s/ Greg Morillo Greg Morillo
/s/ Robert E. Robotti Robert E. Robotti
/s/ Thomas D. Ferguson Thomas D. Ferguson
/s/ Mark C. Gelnaw Mark C. Gelnaw
/s/ Raymond V. Marino II Raymond V. Marino II
/s/ John S. Moran John S. Moran